New Oriental Education & Tech Grp (NYSE:EDU) Rating Increased to Sell at ValuEngine

New Oriental Education & Tech Grp (NYSE:EDU) was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Tuesday, ValuEngine reports.

Several other equities analysts have also recently commented on the company. Benchmark boosted their target price on New Oriental Education & Tech Grp from $128.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Zacks Investment Research upgraded New Oriental Education & Tech Grp from a “hold” rating to a “strong-buy” rating and set a $129.00 target price for the company in a research report on Thursday, October 24th. JPMorgan Chase & Co. upgraded New Oriental Education & Tech Grp from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $88.00 to $143.00 in a research report on Thursday, October 17th. Finally, Citigroup restated a “buy” rating and set a $130.00 target price (up from $115.00) on shares of New Oriental Education & Tech Grp in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $113.87.

New Oriental Education & Tech Grp stock opened at $122.25 on Tuesday. New Oriental Education & Tech Grp has a 52 week low of $50.30 and a 52 week high of $124.78. The business has a 50-day simple moving average of $119.31 and a 200 day simple moving average of $105.03. The company has a quick ratio of 1.49, a current ratio of 1.50 and a debt-to-equity ratio of 0.04. The stock has a market cap of $17.37 billion, a price-to-earnings ratio of 81.50, a PEG ratio of 1.23 and a beta of 1.47.

New Oriental Education & Tech Grp (NYSE:EDU) last posted its earnings results on Tuesday, October 22nd. The company reported $1.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.07. New Oriental Education & Tech Grp had a return on equity of 14.22% and a net margin of 9.79%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the business earned $1.16 earnings per share. The firm’s revenue was up 24.6% on a year-over-year basis. On average, research analysts anticipate that New Oriental Education & Tech Grp will post 3.08 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC boosted its holdings in shares of New Oriental Education & Tech Grp by 149.5% in the 3rd quarter. Millennium Management LLC now owns 139,427 shares of the company’s stock worth $15,442,000 after purchasing an additional 83,534 shares in the last quarter. Man Group plc boosted its holdings in shares of New Oriental Education & Tech Grp by 1,279.0% in the 3rd quarter. Man Group plc now owns 684,647 shares of the company’s stock worth $75,832,000 after purchasing an additional 635,000 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in shares of New Oriental Education & Tech Grp in the 3rd quarter worth about $890,000. Parametric Portfolio Associates LLC boosted its holdings in shares of New Oriental Education & Tech Grp by 1.0% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 352,475 shares of the company’s stock worth $39,040,000 after purchasing an additional 3,326 shares in the last quarter. Finally, Pictet Asset Management Ltd. boosted its holdings in shares of New Oriental Education & Tech Grp by 11.7% in the 3rd quarter. Pictet Asset Management Ltd. now owns 556,722 shares of the company’s stock worth $61,663,000 after purchasing an additional 58,460 shares in the last quarter. Hedge funds and other institutional investors own 90.04% of the company’s stock.

About New Oriental Education & Tech Grp

New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. It operates through Language Training and Test Preparation Courses, and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to achieve better scores on entrance exams for admission into high schools or higher education institutions, as well as for children to teach English.

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